Muscat, April 27 (QNA) - The Central Bank of Oman announced that the total value of treasury bills (T-bills) allotted for this week's issuance stood at 19.7 million Omani riyals.
In a statement issued on Monday, the bank said that OMR 15.7 million was allocated for 91-day maturity bills, at an average accepted price of 99.058, with a minimum accepted price of 99.050 per OMR 100. The average discount rate stood at 3.77723 percent, while the average yield reached 3.81314 percent.
It added that OMR 4 million was allocated for 182-day maturity bills, at an average accepted price of 98.070, with a minimum accepted price of 98.070 per OMR 100. The average discount rate was 3.87060 percent, while the average yield reached 3.94678 percent.
The statement noted that the interest rate on repurchase operations (repo) with the Central Bank of Oman for these bills stands at 4.25 percent, while the discount rate on treasury bill facilities is 4.75 percent.
Treasury bills are short-term government-backed financial instruments issued by the Ministry of Finance to provide investment avenues for licensed commercial banks, with the Central Bank of Oman acting as the issuance manager. (QNA)